10 November 2023
BofA’s “Biggest Picture” report anticipates the 2020s as a decade of higher inflation, fluctuating interest rates, and recurrent economic disruptions. It forecasts a scenario of US debt and dollar weakening, alongside volatile equity markets influenced by significant societal, policy, geopolitical, and technological shifts. The report suggests a positive environment for precious metals, seen as a stable hedge in an era marked by financial uncertainty, currency debasement, and rising inflationary pressures.